Not sure about this talk about a R/S.
We all know that their O/S was getting super close to their A/S... which means no means of financing unless they somehow were able to produce revenues to cover all expenses (this is a start-up remember??).
The increase in A/S is to finance down the road. If they can create value faster than dilution, then the PPS will rise. Simple as that. And it seems like they have been making progress since Burke taking over in July.
They got the beta out.
Burke cut his salary in half compared to Tew's.
They partnered with multiple dispensaries, including some of the biggest names in the industry. (MMJ America, Livwell, Euflora).
They have produced a live blast that went NATIONWIDE (outside of CO).
They have produced results with their live blasts that are better than anything in the industry. (1000% ROI, and CPA <$3)
They have grown the user base.
They have completed a cross-promotional marketing campaign with Duby.
They have done a blast for products OUTSIDE of the THC part of the cannabis industry.
They have released a white paper detailing the full product breakdown and go to market plan.
They have replied to multiple emails from investors where previously none were answered.
They've reduced the number of market makers to two investors: BNA and Blackforest Capital and it's going towards only one market maker -> less dilution!
They brought Ben Tyson onto the Board. This guy makes disruptive marketing products. Period. Now he has more say in financing projects with CannaSys. Go look at some of the BetaKillers products if you doubt their abilities.
They have released more PR in the past 3 months than they had in the first 6 months of the year.
That's a lot of progress.
The only reason to pull a R/S would be to push the stock into a better exchange.
